NZD/USD – 30M – BUYThe currency pair New Zealand Dollar/US Dollar (NZD/USD) breaks through the bullish trendline upwards
A continuation of the uptrend up to the next resistance level at 0.59054 is certain.
Caution: A possible counter-trend in the direction of the support line at 0.58714 could happen.
Consider stop-loss settings accordingly.
Furthermore a ‘Three Outside Up’ chart pattern is found. The chart forms ‘Three Outside Up’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.59287 |
| 2nd High | 0.5926 |
| Next High | 0.59054 |
| Current Price | 0.59470 |
| Next Low | 0.58714 |
| 2nd Low | 0.58563 |
| 3rd Low | 0.58207 |
0.59054 – 0.5926 – 0.59244 – 0.58714 – 0.58563 – 0.58599 —
0.59106 – 0.59349 —
68.533915030179 – 75.399869033654 —
– —
0.59054 – 1778005800
Trading Signals: FOREX – NZD – NZD/USD – USD – Three Outside Up – – – – – – – – –